The ongoing bleed in FUM isn't exactly surprising, you can see that built into analyst estimates whom are not expecting things to turnaround until FY25:
Whilst there are risks, there are also opportunities, the forward 2 year earnings multiple (currently the expected FY24 trough) is near the lowest on record for MFG:
If that FY24 earnings expectation can stabilised and there is a return to expected growth in the future, there is an easy 80% gain just for MFG to return to a more normal earnings multiple.
Of course chasing that potential gain comes with significant risk, but for me, it's worth the bet.
Ann: Funds Under Management - June 2022, page-41
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Last
$9.92 |
Change
0.070(0.71%) |
Mkt cap ! $1.793B | |||
| Open | High | Low | Value | Volume |
| $9.81 | $9.96 | $9.74 | $4.954M | 500.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 251 | $9.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.92 | 1304 | 2 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| MFG (ASX) Chart |